GBPUSD - Short scenario
Updated
Hello,
I will wait for a confirmation signal on M5 but we arrived on an interesting zone for a short. (Confluence)
The Dollar seems to stay bullish for now so it can increase our probability. Also, we have EURGBP that broke a major resistance so GBP seems to weaken a little bit.
We can target the previous low and/or play a longer short trade if the market decides to keep going down.
I will wait for a confirmation signal on M5 but we arrived on an interesting zone for a short. (Confluence)
The Dollar seems to stay bullish for now so it can increase our probability. Also, we have EURGBP that broke a major resistance so GBP seems to weaken a little bit.
We can target the previous low and/or play a longer short trade if the market decides to keep going down.
Trade active
First TP touched
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